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State Farm Insurance Coverages Exam Questions and Answers
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State Farm Insurance Coverages Exam Questions and Answers
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State Farm Insurance Coverages ExamQuestions and Answers
Collision Coverage - Answers -pays to fix or replace a car thats been demanded in
collision with another object or rolls over
how collision works - Answers -in a covered accident, extends beyond your own vehicle
to include temporary substitute cars, newly acquired cars, and cars your using, but
aren't owned by anyone in your household
limited to the actual cash value of the vehicle, and requires a deductible, which is the
amount you will need to pay before receiving benefits. Higher deductibles lower your
premium but increase the amount you must pay out of your own pocket is a loss occurs.
Ask yourself how much you would be willing to pay on short notice in order to save on
your premium, or talk to your agent.
Comprehensive Coverage - Answers -pays to repair or replace a covered vehicle thats
stolen or damaged by something other than collision or rolling over. Damage caused by
fire, wind, hail, flood, theft, vandalism and hitting an animal is covered
how comprehensive coverage works - Answers -in a covered accident, extends beyond
your own vehicle to include temporary substitute cars, newly acquired cars, and cars
your using but aren't owned by anyone in your household.
Limited to the actual cash value of the vehicle, and may or may not have a deductible,
which is the amount you'll need to pay before receiving benefits
liability insurance - Answers -required by 49 of 50 states
the insurance that pays the other parties when they are hurt or their property is
damaged in an accident and the insured is considered "at-fault"
often good idea to purchase more than the state minimum
liability example - Answers -lets say you were distracted while backing out of a parking
space and didn't see the car behind you. You hit the car, slightly injuring the driver and
her passenger. After the impact, one of the two cars rolls into a nearby fence.
In this case, you'd be considered "at-fault" insurance would pa for bodily injury to others.
These damages include medical expenses, pain and suffering, and lost wages. Would
also pay to repair the damage to the other car and for damage to the fence.
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